1. The unit may contact a financial institution to obtain verification of the account number, the names and social security numbers listed for the account, and the account balance of any account held by an obligor. Contact with a financial institution may be by telephone or by written communication. The financial institution may require positive voice recognition and may require the telephone number of the authorized person from the unit before releasing an obligor's account information by telephone.
2. The unit and financial institutions doing business in Iowa shall enter into agreements to develop and operate a data match system, using automated data exchanges to the maximum extent feasible. The data match system shall allow a means by which each financial institution shall provide to the unit for each calendar quarter the name, record address, social security number or other taxpayer identification number, and other identifying information for each obligor who maintains an account at the institution and who owes past-due support, as identified by the unit by name and social security number or other taxpayer identification number. The unit shall work with representatives of financial institutions to develop a system to assist nonautomated financial institutions in complying with the provisions of this section.
3. The unit may pay a reasonable fee to a financial institution for conducting the data match required in subsection 2, not to exceed the actual costs incurred by the financial institution.
4. The financial institution is immune from any liability, civil or criminal, which might otherwise be incurred or imposed for any of the following:
a. Any information released by the financial institution to the unit pursuant to this section.
b. Any encumbrance or surrender of any assets held by the financial institution in response to a notice of lien or levy issued by the unit.
c. Any other action taken in good faith to comply with this section or section 252I.7.
5. The financial institution or the unit is not liable for the cost of any early withdrawal penalty of an obligor's certificate of deposit.
94 Acts, ch 1101, §4; 97 Acts, ch 175, §111
Previous Section 252I.3
Next Section 252I.5
© 1999 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Mar 18 15:00:31 CST 1999
URL: /DOCS/IACODE/1999/252I/4.html
jhf